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Apple warned earlier this month that it could miss Wall Street estimates for the Christmas shopping season. Ming-Chi Kuo of TF Industries echoes this forecast.
The famous Apple badyst said that iPhone XR shipments during the fourth quarter of this year could be superseded by older, less expensive solutions iPhone 8 and iPhone 7 as well as high-end models on the iPhone XS according to 9to5Mac.
In a report on Monday, Kuo also expects a drop from one year to the next of total iPhone shipments by the beginning of 2019. As reported by 9to5Mac:
For the first 2019 quarter, from January to March, Kuo believes that Apple will record a decline from one year to the next. in iPhone shipments. It is forecasting shipments in the range of $ 47 million to $ 52 million, compared to $ 52 million in the first quarter of 2018. Kuo's new forecast runs counter to its expectations before launch, in which it thought that the XR would be greater than the iPhone 8 in the market.
Kuo's predictions follow last week's report describing two of the company's largest suppliers, Foxconn and Pegatron, which have been asked to terminate production line projects additional for the iPhone XR. And on Monday, Apple's shares plummeted after Lumentum – a provider of "laser diodes for 3D detection", such as those used by Apple's Face ID, cut its revenue forecast after "l & # 39; one of our largest industrial and consumer customers "has significantly reduced their orders. Investors interpreted the information as a reduction in orders from Apple, which would fit with the demand forecasts for the new iPhone 7 and 8, as these models do not use Face ID.
Apple did not immediately respond to a request for comment in the reports. . Lumentum and Kuo also did not immediately respond to requests for comment.
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